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TOM SAKASHSTAFF NEWSWRITER

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CU Funding Access to help CUs access CDFI funds

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DENVER, Colo. (4/7/09)--Applying for community development financial institution (CDFI) certification positions low-income credit unions to qualify for the next round of U.S. Treasury Department funding, according to the CU Funding Access Team. The next round of funding is expected to reach $145 million, with availability of funds to be announced in August/September. A CU Funding Access release noted that for the first time, matching funds are not required. “Credit unions have been startlingly underrepresented in past funding rounds--mainly because they have neglected to become CDFI-certified and apply for funding,” the release stated. CU Funding Access Team can help credit unions obtain CDFI certification. The team is comprised of four consultants who have worked extensively with credit unions: William Myers, Blake Myers, Paola Diaz-Torrez and Molly Schar.

Account Opening Issues audio set for April 16

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MADISON, Wis. (4/7/09)--An audio conference, “Account Opening Issues: Signature Cards, Disclosures and Account Agreements,” will be offered by the Credit Union National Association April 16. The conference will take place from 1 p.m. to 2 p.m. CDT. Listeners will learn how to:
* Examine membership vs. account ownership and identify how they are different; * Learn why properly completed signature cards are so important; * Discover what important information is contained in the disclosures provided to members; and * Identify when signature cards should be updated.
Mary-Lou Heighes, Credit Union Compliance Expert and president of Compliance Plus Inc., will lead the conference. She provides training for credit unions and leagues nationwide. For more information, use the link.